High freight rates and lack of containers will not recover until the second half of 2021

If shippers and logistics companies hope that the super high shipping container prices will fall in the new year, they may be disappointed.
 
Rolf habben Jansen, chief executive of shipping company Herbert, revealed at a news conference that global logistics giants and container liner companies expect that the chaotic market, lack of berths and shortage of containers will continue for some time to 2021.
 
In addition, Tim schwath, CEO of DHL global freight forwarding, a freight forwarding giant, also attended the meeting.
 
Novel coronavirus pneumonia is a common environment. The two executives agreed that the special environment of spring fever caused a historic imbalance between supply and demand this spring.
 
"As for shipping, I think we have to go into the second half of 2021 before we see the market stabilize again," scharwath said. The first quarter will certainly still be affected, and so will the second quarter. "
 
"We're going to have to wait and see what happens because it's hard to predict. As a large company, we usually make plans for three to five years. Now, we're working on a three-month plan. "
 
There are many signs that the strong market we are seeing will continue to emerge after the Spring Festival and will continue into the second quarter. " Habben Jansen pointed out that the current market congestion will take some time to solve.
 

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